Is 16637, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 16637 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 16637 has remained a Seller's Market.

Key Takeaway

16637 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 16637, PA

How much do homes in 16637, PA cost?

Median Sold Price

$195,000

$73/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$12,000(+6.6%)

Key Takeaway

Homes in 16637 have sold for 6.6% more than they did a month ago.

Summary: The median home sold price in 16637 was $195,000 in December 2024, up 6.6% from last month, and the median price per square foot was $73.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 -$42.5K
N/A
2 $65K-
N/A
3 $200K$210K
+5.0%
4 $183K-
N/A
5+ --
N/A

Summary: 16637 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

16625
+581.2%
16637
+6.6%
16673
0.1%

Housing Supply in 16637, PA

How many homes are available in 16637, PA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
98-11.1%

Summary: The 16637 real estate market had 8 homes for sale in December 2024, a 11.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 55
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 16637 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 16637, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 16637 in December 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 16637, PA

How long does it take to sell a home in 16637, PA?

Average Sale Time

Nov 2024Dec 2024CHANGE
18 Days18 Days0.0%

Summary: Homes in 16637 had an average of 18 days on market in Dec 2024, the same as last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 16637 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in 16637; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in 16637, PA

Nearby Markets to 16637, PA